Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$617,097$617,097$709,999
Remaining term (yrs)25.725.730.0
Secondary amount$0$92,902$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%6.479%7.640%
1st payment$3,640.45$3,640.45$4,915.89
2nd payment$0.00$696.77$0.00
Taxes / mo$657.41$657.41$657.41
Insurance / mo$216.67$216.67$216.67
MI / mo$466.97$466.97$142.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,981.49$5,678.26$5,931.96
Cash to close$171,791$78,889$78,889